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These days, finding an affordable place to live in the Groveoak area can be challenging. Home prices in Groveoak are now at a median cost of $170,087, lower than the Alabama average of $228,911.
The average cost of rent is $736/mo in Groveoak, primarily driven by the current value of real estate in the Groveoak area. In Groveoak, 16.34% of households rent, and 77.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Groveoak is $4,936 per month. Households that rent pay about 14.91% of their income on rent here. Groveoak’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Geraldine, AL: equally priced homes
- Whiton, AL: higher priced homes
- Fyffe, AL: less expensive homes
- Langston, AL: higher priced homes
- Section, AL: less expensive homes
- Dawson, AL: less expensive homes
- Shiloh, AL: equally priced homes
- Powells Crossroads, AL: higher priced homes
- Powell, AL: higher priced homes
- Rainsville, AL: higher priced homes
Cities with Similar Populations
- Quartz, CA: higher priced homes
- Misenheimer, NC: higher priced homes
- Mize, GA: higher priced homes
- Morley, NY: equally priced homes
- Mount Vision, NY: higher priced homes
- Naplate, IL: higher priced homes
- Negreet, LA: equally priced homes
- Neola, PA: higher priced homes
- Neola, UT: higher priced homes
- New Martinsburg, OH: higher priced homes
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